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Article: NEWS IN BRIEF; Peso closes at P55.30.(Business)
- Article from:
- Manila Bulletin
- Article date:
- October 30, 2003
CopyrightCOPYRIGHT 2003 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The peso closed lower at P55.30 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines
from P55.240 the previoous day. The weighted average rate appreciated to P55.245 from P55.258. Total volume amounted to $145 million.
BoP disclosure quarterly
In a move to capture the complete developments in the economic landscape, the Monetary Board, the policymaking body of the Bangko Sentral ng Pilipinas (BSP), will henceforth disclose the balance of payments (BoP) data on a quarterly basis instead of monthly. This would allow us to report a more accurate picture and improve the quality of reporting ...